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With the help of analyzing


Gee Dee

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With the help of analyzing your trading capacities, you can figure out which trading position and trading approach will be best suitable for you. For example: if you are a retail trader who are risk adverse then you need to choose short term trading strategies which target smaller price fluctuations of currency pairs. Yet again, if you are interested in liquid position then short term perspective is better for you.

 

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  • 2 months later...

Scalpers are more like aggressive than risk averse. And it's better if we don't suggest anyone what is best for them. It's better they find it themselves.

Scalping can be good during high volatile markets however new traders should not start scalping right in their learning phases because the chances are that they might loose money as they are unaware of the market conditions.

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Scalping can be good during high volatile markets however new traders should not start scalping right in their learning phases because the chances are that they might loose money as they are unaware of the market conditions.

 

That is why there are demo accounts where newbie traders does not have to worry about losing real money.

 

I don't discourage anyone to try anything in the forex market. They should try and make mistakes and learn from them.

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  • 3 years later...

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